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life work for more families. another step we can take is on taxes. there's a lot of talk about taxes in washington right now. for most families, tax preparation is hard and is time-consuming. this time of year especially. think about it. think what they're going through. what tax form are you supposed to fill out? is it more beneficial to file jointly or as a married couple or separately? is a truck or gas mileage deductible? are you forgetting something the irs will give you credit for? and in 1935, the form 1040 was accompanied by a two-page instruction booklet. today, taxpayers have to wade through over 100 total pages of instructions. just filling out a w4 at a knew job is confusing. you really shouldn't need a work sheet to see how many dependents you have. chairman dave camp and his committee are already underway in their efforts to responsibly rewrite the nation's tax laws, as an education policy, health care and all else, tax reform should reflect the priority of working families, and the future they're trying to shape for their kids. if nothing else, we must stop putting spe
direction to help make life work for families. another step we can take is on taxes. there's a lot of talk about taxes in washington right now. for most families, tax preparation is hard and it is time-consuming. this time of year especially. think about it, think what they're going through. what tax from are you supposed to fill out, is a more beneficial to file jointly or as a married couple or separately? is a truck or gas mileage deductible or are you forgetting something that the irs gives credit for? in 1935, the form 1040 was a concrete but a to instruction booklet. today, taxpayers have got to wade through over 100 total pages of instructions. just filling out at w-4 at a new job is confusing. you really shouldn't need a worksheet to see how many dependents you have. chairman dave camp and his committee are already underway in their effort to responsibly rewrite the nation's tax law. as in education policy, health care and all else, tax reform should reflect the priority of working families, and the future their time to shape for the kids. if nothing else, we must stop putting spec
karzai and david cameron had a meeting to spend a six-month deadline on tax of the taliban. two ambition i pakistan was a political party functioning in society? and two, to think the footprint strategy is fun for the united states in afghanistan long-term? >> the first one is to speak to in terms of where they see the taliban up but i love all an integrated in the mainstream of society. they do have constitutional obligations they seem to uphold that we are also looking with the united states transitions and if ken estanislao. there is a timeline as well in an election to be held in afghanistan. so these are processes and political decisions they must make themselves. and when i say this, i do want to point to the historic ship that pakistan is proactively making. our government has been clear, including all of our stakeholders, which includes the military that pakistan is going to strenuously support all efforts of stabilizing afghanistan and bringing peace to the region because that is the know our vital interests. we live right they are and it's stable and peaceful afghanistan is in
-needed leave. what is the prime minister's answer? >> first of all, let me make clear, this is not a tax. this is a benefit. and i would make two points. i would make two points in respect to this specific case that he raises. first of all, all the time and labour was in government, if you were in a private sector rented home and you in receipt of housing benefits, you did not get any benefit for empty rooms but i think that is important. so it is only fai that we treat people in social housing the same way. the second point i'd make is that anyone is away from home, and, obviously, the earnings are not counted and, therefore, the benefits of that person are likely to go up. >> ed miliband. >> mr. speaker, i look forward to them explaining to allison why her paying 25 pounds a week more from april is not a tax on her. [shouting] >> and as for his point, and as for his point about the private renters have to, i think he misunderstands the point of social housing. after this purpose, part of this purpose is to protect the most vulnerable. and according to the governments own figures, and a
even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets, none of which have ever come to balance. the house republicans have acted responsibly, our budget is yet to balance, so what we will do is put together a budget that balances in a ten-year time. all it does tomorrow it says to the president tell us when you'ryourbudget balances. it is important to do that because we have our principled solutions with the program. liz: used a dozen state when the budget would be balanced, is that it? >> we have had to end dollars deficit of the past four years in the past for budgets by this president have never come into balance ever in the 75 year time frame we talk about budgets. the american people need to know that. it is important the president gets mad because then we could talk about the positive solutions a
on "the willis report." a new federal tax policy with the push to make marijuana legal and tax it. obama proposes to delay automatic spending cuts after he blows another budget deadline. and proved that leaders just want more power. not more power to the people. we are on the case. >> that and more coming up, but first the top story story, efforts building in washington to change change, rewrite, remake current marijuana laws including legalizing industrial production and have the federal pot tax. lawmakers quietly working on the bills one was introduced today one from oregon one from colorado calling for the end of federal pot prohibition. when next guest founder and executive director of the drug policy alliance, ethan? >> it is like the repeal of alcohol prohibition. the public says it does not work and is not effective and it cost tens of billions of tax dollars come lead diverts resources and funding organized crime in mexico it is better to have a regulatory policy with state governments controlled with federal government has a modicum of control. gerri: day you agree? >> a column
perceptions of the sales tax or consumption taxes it will be easy to a minister. there is a role for the tax collector, and if you look at any state law you will see the car phone of exemptions, and they are as complex as some of those tax preferences we have in our code. discipline will be required on a consumption tax just as it would for an income-tax. ♪ a little bit. and that is the nature of accounting systems and how they influenced the development of tax policy. if i go all the way back to the history of conversion from a tariff to an income tax, what really makes this possible is the growth of the modern corporation or the modern business because they develop the accounting system, keep track of who has wages and for them to operate efficiently and need to keep track of it. that is the financial accounting that acquires them to keep track of income, and the government that is able to latch on to these accounting systems and really rely upon them to enforce code. in truth it is the large business, large charity, larger organization that is the main instrument for impleme
delay in those spending cuts. and he calls for another tax increase. now it's up to republicans to respond. remember, spending cut sequester goes into effect in 24 days on march 1st. the sequester by the way was originally the president's idea. let's get right to what the president said. john harwood joins us thousanow all the details. >> as you know, there are two ways to go about deficit reduction under the sequester law passed in 2011. one is the full ten year sequester. that's $1.2 trillion in budget cuts over ten years. the other is to do it piece meal. if do you it just for the rest of of the year, it would just be $85 billion. president obama said if congress can't agree with the full pack annual by march 1st, we need to do something smaller in the name of staving off damage to the economy, to consumer, and to federal workers. here's the president. >> if congress can't act immediately on a bigger package, about they can't get a bigger package done by the time the sequester is scheduled fto go into effect, then i believe they should at least pass a smaller package of spend
♪ >> do not be fooled by the headlines. the economy is in bad shape. tax and spend is a failure. good morning, everyone. the bean counters presented the report on the economy. and what did the media pick on? the deficit. this year it will be below a trillion dollars, that's what the pundits focused on and ignored the grim reality. in fact, our debt is headed toward the worst levels in post war america. worst, the economy will show a masly 1.4% growth. unemployment rise to 8%, stay at very high levels for years, and 7 million people will lose their health care coverage under obamacare. that came within hours of president obama's call for more tax increases on the rich and put off spending cuts. tax and spend, it lives on and so does our massive debt. reality check, "varney & company" is about to begin. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. >> first up this wednesday morning, gas prices, yes, they are still on the rise. national a
these tax. the courts have validated that businesses have the responsibility to protect against these types of attacks. gerri: at my bank does not protect me and should be their fault. answer, who are these people doing this? >> obviously we have these other governments, the chinese government that we believe is going -- for example, the new york times, trying to find out who the sources that the reporters used to write about the dissidents in china. it wanted to get at them and learn. that is one. gerri: not on to the three best thing. >> the other side is the internet additives that are all over the place angry about civil liberties and angry. an internet activists who was under investigation by the u.s. government. he had other problems, credits suicide in january which anchored -- the fact committed suicide was sad, but anonymous was angry at the way the government went after them. gerri: and that is actually what is behind this attack. to you. anonymous, these fellows are angry, they don't like the way things are going. another trying to get a personal information. what do you make of
federal tax is taken out of think paycheck. the federal government views these to be taxable income. therefore city employees and others with same-sex spouses or domestic partners are taxed more than other city employees simply because their spouses are the same gender. this discame nation has caused same-sex spouses and domestic partners thousands and thousands of dollars each year and the city and county active members is approximately 386 as of the end of last year. san francisco always has been uni hope always will be a leader in supporting our lgbt community. following the example of other municipalities such as cambridge, massachusetts and google and could i hope we will do the same. this legislation will ensure same-sex domestic partners who work for the city and county of san francisco will not be burdened with these taxes. ultimately this is an issue of equality. the additional taxs is one of the many results of defense of act act or doma. married lgbt committees are already denied many rights and this additional tax adds another sting to the injustice of doma. this brings
a subaru a subaru. hey! hey honey! hey alan. uh, hey.... i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. common sense... sayss.. don't insult the judge... whennyou'reetrying to get outtof jail jail"iq::count one will be 0 thousand... q::bleep, fliip off judge." pudge." p penelope soto ppeared in miami-dade bonn courr for illegal possession of xanax. when the judge raises hhr bond from five to ten curses at himm.. and flipp him the finger....and that's when thingg get really ugll. "iq: did you say bleep to couuty jail."thirty days in the ouutroom antics earned her the another thirty days in the county jail for contemmt of 3& common sensee.. not... the magic kinndom...// but... it's origi/ original...// the navy seals killed osama bin abbot-a-bad..../ is... the s
-fourth of whom are paying nothing in taxes, to start paying their fair share of taxes. >> what most concerns you? i want to be specific in asking. what most concerns you about what the president is likely to give on? you just listed a couple of things, but what is your greatest fear about what he may compromise? >> in terms of a grand bargain, i am afraid the president will continue down the path of more cuts. we did get $700 billion over 10 years, from people earning $400,000 a year or more. that is good, but that $700 billion is not 1.6 trillion the president originally wanted, so we need more revenue for deficit reduction, and i hope the president remains strong on that. what worries me very much is the president may end up supporting something called chained cpi, which would make significant cuts starting immediately on social security, veterans' needs, and that worries me. in addition, i am worried about cuts in benefits to medicare and medicaid. politics.'s talk we will come back to policy in a second. the policy cleans the clocks in january. they have agreed to put off the debt ceiling de
of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika miller, "n.b.r.," new york. >> tom: still ahead, the federal reserve is the latest target of a cyber attack, are companies taking cyber risks seriously? >> susie: on wall street today, a choppy day of trading with investors focused on new concerns about the outlook for europe's economy, and a new batch of corporate earnings. with more than half of the companies in t r shetiep&pngor, quarterly results have been better than expected. still,hey be closing bell, stocks were vy tually unchanged. the dow rose seven points, the nasdaq fell three, and the s&p added nearly a poi
, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and
believe that they should at least pass a smaller package of spending cuts and tax reforms. >> a smaller package. because you can't get a deal done in time? so of course, it's not the first time washington has kicked the can down the road. we know that. remember when we first heard about sequester, that bizarre word that is now part of the lexicon? it was august 2011 and the word sequester came out of the failed deal on the debt ceiling. then came the fiscal cliff, that was the next chance to prevent all of the cuts. washington punted, they said hey, three more months, we'll solve it then. nope. now three months is coming so guess what? they will punt again. you know what, thinking about it today, it reminded me a lot about this. ♪ put your little hand in mine ♪ put your little hand in mine ♪ put your little hand in mine ♪ there ain't no hill or mountain we can't climb ♪ >> that of course was "groundhog day." at least they had a good song. we have to listen to the terrible voices of people in washington. "outfront," michael waldman from nyu school of law, and michael medved, co
will take a 2% reduction. the president and democrats prefer an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts saying they've already agreed to tax hikes. 448,000 jobs in dc, maryland and virginia could be affected. concerned about the impact on our economy. >> sequestration will hurt not only the defense side but the nondefense side. my committee funds the fbi. there will probably be furloughs at the fbi and the national cancer institute, nih. defense and nondefense. >> that hurts the broader economy. people are concerned about their jobs and don't know the impact on their bank accounts. that holds them from spending on movies and restaurants and theaters. thinks he has time to buy a little bit more of a deal. let republicans and democrats work it out. but some republicans say they've had enough. they think the spending cuts are the only way to achieve true deficit reduction. back to you. >> all right, melanie. thank you very much. >>> president obama's pick to head the cia. a justice department memo leaked yesterday outlined the justifi
located in canada and skype in their input. i pay the taxes in canada and not in the u.s. >> in silicon valley, that is commonly happening. everywhere else but silicon valley. we want people here so they will pay taxes here and interact and start more companies after they finish projects. >> thank you. >> the gentleman from new york is recognized for five minutes. >> thank you. you have indicated throughout your testimony the need for policy or practical reasons to emphasize as we tackle this immigration issue of highly skilled visas. you have founded a company of 1000 plus employees. you have written a book. you work at one our most distant wish universities. you have -- one of our most distant wish to universities have contributed much to america. we have a history of dealing with refugees with a passion that makes sense for who we are and what we represent in our democratic values. with the history of making sure that we grant visas in recognition of the fact that we need to draw from people all across the world. that is the premise of the diversity. tha that makes a stronger. the ne
, ken molestina, wusa 9. >>> and from stolen jewel rye we go to stolen identity. this is tax season now, but imagine this. you try to file your taxes only to find someone has beaten you to it. this is the nightmarish reality for millions of americans and many of them are your neighbors. >> that's right, derek. i have learned that this is a crime where you can be victimized over and over again. according to the treasury inspector general for tax administration, nearly 1.2 million of these cases were reported to the irs in 2012. and tonight, the two people you're about to hear from say they now live in constant fear. >> my accountant gave me a call on the telephone and told me we couldn't file electronically. >> reporter: the irs granted jonathan again an extension to file his 2011 taxes. he needed the time to grieve the loss of his daughter, alexis. she was full of life, even as a brain tumor took a toll on her little body. >> she was an amazing little girl. never complained once. >> reporter: alexis died just a few weeks shy of her fifth birthday. when jonathan mustered the energy to fi
continues to push an approach that includes more tax revenue along with spending cuts. but house speaker, john boehner, says tax hikes are out of the question. >> every month under president obama, kind of feels the same. high unemployment, a rising prices and more debt for our kids and grandkids. enter speaker boehner does not want another temporary fix. some house republicans have indicated they will let the automatics cuts take effect. if there's no long-term agreement to reduce the deficit. those cuts would take a big bite out of military spending and domestic programs. including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> it was supposed to be just a vacant apartment building, but today an incredible fast moving fire killed two people who were living inside it. firefighters were hurt today while battling the blaze on r street and southeast. bruce johnson reports, squatters, not uncommon in our nation's capital. >> a motorist passing by was the first to see planes planes -- flames pouring out of the building. >> i don't know what happened. >> it took
because the city cannot tax its way out without losing more residents and businesses. the report points out baltimore's property tax and income tax rates are the highest in the state. unfortunately, pension reform is the big elephant in the room, the economist said and the mayor has a terribly hard job ahead of her. >> the mayor will have to make cuts in decisions that will prove to be unpopular in the short run. >> while the mayor did not offer specific details, she did highlight four key themes for cuts including identifying strategies to a line recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term liabilities. >> as far as specifically what cuts will be made, the mayor said she will discuss that in her state of the city address next week. if you'd like to take a closer look at the report, we provided a link to it on our website, wbaltv.com. we're live outside city hall tonight. wbal tv 11 news. >> we have several updates. the stabbing that happened a few blocks away from yesterday's ravens victory celebration. city poli
policy as soon as we get our fiscal policy in order. taxes are nearly at their highs. we will have a trillion dollar deficit. dagen: don't you think that the democrats will continue to fall back on raising taxes even more than they already have? it is nothing compared to the $7 trillion in additional debt. >> this is not a solution to our problems. i think they have used this to great political advantage. that is indisputable. that is not a solution as to where the budget has to go. what will the senate democrats put in their budget? what will it look like? they will not be able to raise taxes and solve the problem. the taxes will not work. they do not want to reform entitlements. dagen: there is a growing chorus among many people in this country that our debt is not that much of a problem because we have had these low, low, almost record low interest rates at this point. ultimately, if the fed decides we are worried about inflation and begins to withdraw some of this money out of the system, will that be the day of reckoning? >> that will be a very bad day if it happens. you are h
taxes and that is what they are saying about the sequester. can hwe can replace or delay by getting revenues in the door and that means taxes. >> greta: the whole sequester thing emerged in august of 2011 and the idea of sequestration was from the president if they didn't have a decision by the supercommittee in november. that at any time happen. it was supposed to be january of 2013. nobody has done anything. the president hasn't made sure it got doughnuts leader and they push it off to march 1 and between january 1 and march 1 all of this stuff is going to get done. zero has gotten done and the president wants another delay and says today we can't just cut our way to prosperity meaning who is going to get the taxes this time. he raised it on the rich? now, are the middle class going to get? >> they have to to get serious revenue. he is talking about we will tax corporate jets and oil and gas. that raises about $3 billion a year. the deficit next year according to the congressional budget service $845 billion. they have $3 billion in tax increases against a $845 billion deficit. th
economist said the numbers are concerned because the city cannot tax our way out without losing residents and businesses. baltimore's property-tax in income-tax rates are the highest in the state. unfortunately pension reform is the big elephant in the room and the mayor has a terribly hard job in front of her. >> there are decisions that will prove to be unpopular in the short run. >> while the mayor did not offer any specific details for the future, she did highlight four key themes for cuts including identifying strategies to align recurring revenues, reducing property and income taxes, addressing infrastructure, and addressing the city's long-term viability. lemaire did tell us that she would specifically address what cuts will be made in her state of the city address coming up next week. if you'd like to take a closer look at the report, would provide it on our website, wbaltv.com. >> thank you. still to come. major streets in annapolis close. they're back open. the changes had nothing to do with accidents. >> president obama touchdown on marine one. what he needs from senate democra
taxes about 4% of a household's income. in san jose, kris sanchez, nbc bay area news. >>> comments about traffic in los angeles, turns out traffic here in the bay area is just as bad. tonight a new study reveals our dubious link with southern california. res researchers say we have the second worst traffic congestion in the nation. experts say there's no fix. a live look at our evening commute. it doesn't look so bad. let's bring in bay area's marianne favro with the details. >> reporter: whether you watch here in oakland or here in fremont, you are part of the second worst commute in the nation when it comes to hours spent waiting in traffic. a new report from the texas a&m transportation institute says only washington, d.c., drivers spend more time waiting in traffic. the study found in 2011 you spent on average 61 hours sitting in your traffic. want to put a price tag on that wasted gas and time? the institute says on average we lost $818 in a year because of those delays. then there are the health costs. the study also found the average bay area commuter put carbon dioxide into the a
, an important warning this income tax season. we're going to show you how easy it is for crooks to e file using your name, social security number, and a fake w- 2. >>> i'm topper shutt. colder air moving in tonight. here are the temperatures if you're headed out. prepare for windchills and pretty cold air. 45 downtown. it's 39 in gaithersburg. 37 in frederick and 41 in leesburg and 45 in manassas. we are tracking a nor'easter. that should perk up your ears for friday and friday night. >>> two years after a jury convicted him of murdering chandra levi, he is due back here for a hearing tomorrow. so why are prosecutors and the judge refusing to tell us what is going on? i'm bruce leshan. the story just the other side of the break. we gotta sell the car. where would we even start? get the car. hi howard. get in. hi, good to see you. start with an actual written offer when selling your car, no strings attached. carmax. start here. >>> secret hearing, disappearing documents. the mystery only deepens tonight in the decade old chandra levy murder case. >> a judge refused today to tell us what the hec
. a credit downgrade and the state essentially broke gov quinn faces a tough tax to will also push for a vote on same-sex marriage in the opening primary where anybody can vote regardless of affiliation. former chicago area congresswoman collins has died her death reportedly due to natural causes, it happened over the weekend. she may not have made headlines all the time but she became a very influential representative of capitol hill always fighting for social justice and health-care initiatives for lower income people. she became the first african-american woman from illinois to serve in congress but she became so much more. she was meant to be a place holder, of course when she got there she decided this is where she wanted to stay. she was reelected for 12 consecutive terms from 1973- 1997 congressman danny davis with the backing tried to see her twice the put danny davis in their.re she beat him. she represented the district and working-class people she knew what the needs of the district were and she represented the city of chicago. she was one chicagos political women's rights advocat
scheduled to begin march 1. it is including tax changes. the president spoke to reporters for just over five minutes. >> good afternoon, everybody. i wanted to say a few words about the looming deadlines and decisions that we face on our budget and on our deficit, and these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we've seen signs of this progress over the last several weeks. home prices continue to climb. car sales are at a five-year high. manufacturing has been strong. and we've created more than six million jobs in the last 35 months. but we've also seen the effects that political dysfunction can have on our economic progress. the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep,
their families, they are contributing. there's always the question about paying taxes. they pay taxes. you can check with the social security department. there is a large amount that those unaccounted for. they do not know who toot attribute that money to pray we need to do reform so when they pay tax it goes into the right account and it helps fund and fuel our economy. and what the mayor and the state and federal government to garner this tax dollars and not for it to be in the pocket of sun -- some unscrupulous employer who is taxing the but not sending the money on. we all know that there was an increase in the earning ability of the undocumented once the became. everyone keeps talking about innovation. let me give you a little innovation. we talked about the uncertainty of the market and what we do as a congress. the uncertainty of what we do and what that causes. i want everyone to think one moment. what you think about the uncertainty in the life of a male -- 11 million undocumented workers when you give them certainty? i will tell you what i believe they're going to do. they're going t
. that means tax season is getting started. it's also apparently in time for identity theft. >> that's right. tax season also become prime time for fraud season. whether you're filing your returns online or through the mail, it's worth a few reminders to keep personal information safe and away from identity thieves. here are some tips that you're going to want to put into action, a big one right off the gate, don't carry documents with your social security number or your individual taxpayer identification number right on it. also, don't give that information over the phone, through the mail or over the internet. this is unless you are the one who initiated the conversation in the first place. make sure the computer you're using has updated antispam and virus software as well as all of those updated security patches and no matter how busy you are, you want to avoid working on your taxes over public wi-fi connections like a cafe or in an airport. >>> the following should raise some red flags for consumers. more than one tax return filed in your name, a balance due for a year, you didn't file a
came from. >> the postal service has no record of taking taxpayers' money. we don't receive any tax funds. >> well, of course you do. it's not tax funds, but you knock on the door of the treasury and say -- hold on. you say we need $15 billion to pay our employees. the treasury gives them $15 billion. it's against the letter of credit with the u.s. treasury, but the problem is if the postal service can't pay its bills or goes bankruptcy or defaults, we, the taxpayer, have to eat that. >> without the prefunding last year, the postal service would have made money even in these economic times. >> i don't know where you get your numbers. i'm looking at the numbers. >> i'm not sure where you're getting yours, either. >> $50 billion in salaries and benefits alone, almost -- almost covers it. just about does. forget the other pension. forget the 12 or 13 billion dollars per year of retiree benefits. something has to give. you can't run a business this way. you can't run a household this way. you can't run a federal government this way, butt the president -- but the president seems to think
. president obama is asking congress to come up with short term spending cuts and tax revenue to delete automatic spending cuts to kick in on march 1. today the president urged lawmakers to pass a smaller package for now to stop the damaging effects of across-the- board cuts. >> the jobs of thousands of americans who work in national security, education, clean energy, there is no reason they should be put in jeopardy because folks in washington could not come together. >> john boehner said additional tax increases are out of the question. he said americans do not support sacrificing real spending cuts for more tax hikes. >> maryland lawmakers have a few things on their mind. how about golf cart zones on highways or a hefty fine if you make a grocery cart suffer abandonment. those are being considered in annapolis. >> what time is it? >> game time. >> there is a lighter side to conducting business in annapolis. legislators sometimes poked fun at each other's bills. this webcst highlights several -- webcast highlights several. >> it's femurs to have a little fun. not take everything so se
, -- >> then they should pass a smaller package of spending cuts and tax reforms. >> get us through the fiscal year and give congress time to work on a budget. >> we should give them a chance to come up with this budget instead of making indiscriminate cuts now that will cost us jobs and significantly slowed down our recovery. >> both sides agree something has to be done, but how? republican leaders are digging in their heels against more tax revenue. john boehner believes there is a better way to reduce the deficit but americans do not support sacrificing real spending caps for more tax hikes. the president signaled yesterday he might be open to changes in medicare and social security. >> coming up, a powerful earthquake triggers a five-foot tsunami in the south pacific. the latest estimates on the damage. you could soon go all we can without mail service. why the post office is cons >> at least five people are dead in the solomon islands following a tsunami in the south pacific. this was triggered by a powerful earthquake. the tsunami reached a height of close to 5 feet. dozens of aftershocks ran
in it, we don't tax you think about it. it is as if because we know it was awful, we can somehow pretended was not part of american culture. >> and early 20th century -- eugenics, in early 20th century. >> "washington journal" continues. michael're back with burgess, a republican and vice chairman of the energy and commerce subcommittee. thanks for talking to our viewers. guest: thanks for having me. host: republicans are saying to avoid the automatic spending cuts, we need entitlement reform on the table. president obama said yesterday if we cannot agree to something long-term like entitlement reform, let's do something short-term. do you agree? guest: no. president obama should be talking about the next sequester, because this one is happening. it was postponed to march 1 on the first and january. this is a promise that we made, the congress and the president made to the american people in order to get our fiscal house in order if we could not come up with the cuts, the savings to do that, these cuts would be automatic. host: you are ok with them? guest: i don't like it. the re
. in the meantime president obama is asking republicans to delay spending cuts with more tax hikes. there are some liberal democrats who say republicans just want to gut the social programs. >> it's time we take off just the green eye shade and look at the people behind the cuts that have been made. $600 million cuts to community health centers. that's talking about taking food out of the mouths of babies. i would say mitch mcconnell is a bully. gregg: will republicans go for president obama's deal? martha: there are some tough new questions for the white house after a memo surfaced that lays out the case for targeting u.s. citizens overseas when they believe they are a threat to our country. the critics say it allows the president to be the judge, jury and executioner on americans. now there is a group of senators who say they want answers to this, and if they don't get them the president's nominee for cia and defense could be held up. >> we conduct those strikes because they are necessary to mitigate ongoing actual threats, prevent attacks and save american lives. these strikes are legal, ethica
of spending cuts and tax reforms that would delay the economically damaging effects of a sequester for fear -- few more months. lou: headed in the right direction icaria statement considering that it contracted the last quarter, and as he is fond of doing, insisted that republicans give him something for the privilege of doing his bidding. he wants more revenue. tonight we focus on the economy, congressional budget office today not happen the president. as it predicted more fiscal and economic pain for the foreseeable future. projecting another 7 million people will lose their job based health insurance because of obamacare. the cbo director says high unemployment is here to stay. >> under current law we expect that the unemployment rate will remain above seven and a half% through next year. that would make 2014 that sixth year in a row that unemployment is so high, the longest such in 70 years. lou: today president of bollinger and at least part of his focus from sequestration and control the illegal immigration. again, the president not helped when democratic congressman john conyers toda
services but it is also a higher tax base. how do you think it net as it nets out? >> i think it is positive in terms of economic growth. i would not look at this as a deficit reduction package for those that --. melissa: why do you think he says that? do you think he needs that to say he is sell it? that is how he is selling it. >> today is packaged what it will and will not do with respect to the deficit. with immigration reform whether or not it is necessary to do in order to see america can realize its full labor market potential. that is really the most important thing. attaching it to a specific number of deficit reduction in my opinion is not instructive or helpful. melissa: yeah. steven, what about that, overall do you think it grows the economy? you look at it from pure economic perspective if you have a larger labor force and consumer base that is larger economy? >> no question the presence of illegals makes the economy bigger and lowers the gdp when you count them in makes overall average much less because illegals are overwhelmingly unskilled. we think a majority h
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